Loans, Debt & Credit - View Single Post - B of A offers to modify second at a higher payment

cheri · 09-17-2009, 07:15 PM

I seem to always get lost on this board , its so big,, and can never find the answers to my questions. But if anyone can answer me?? I hired an attorney in april for a loan modification, we are in an interest only till this Feb, and upside down by half its value. Ok so being we were not late we kept getting denied,, but we were late on all our other bills, and car 2 months behind, so i decided that we would skip the mortgage to pay the other bills , one thing after the other, bills snowballing on us, we are going on our 3rd month now no mortgage payment, and the attorney told me not to worry we are in reveiew?? so today I just got another letter from B of A saying we are denied again due to Investor/mortgage insurance company has declined the application??? so I emailed my attorney and she said it has to be a mistake and she would call them?? honestly does it normally take over 6 months when you even hire an attorney?? we make around 4,800 a month between me and my husband, we are not rich by no means, in an upside down house, interest only loan?? why is this taking so long,, and why do they keep denying us?? im getting worried we are going to loose our home? Is this the typical time it takes even when you have an attorney? or am I being scammed?? please if anyone knows?? thankyou Should we stick with this attorney?

09-17-2009, 07:15 PM	#3 (permalink)
cheri Member Join Date: Jul 2009 Posts: 7 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: B of A offers to modify second at a higher payment I seem to always get lost on this board , its so big,, and can never find the answers to my questions. But if anyone can answer me?? I hired an attorney in april for a loan modification, we are in an interest only till this Feb, and upside down by half its value. Ok so being we were not late we kept getting denied,, but we were late on all our other bills, and car 2 months behind, so i decided that we would skip the mortgage to pay the other bills , one thing after the other, bills snowballing on us, we are going on our 3rd month now no mortgage payment, and the attorney told me not to worry we are in reveiew?? so today I just got another letter from B of A saying we are denied again due to Investor/mortgage insurance company has declined the application??? so I emailed my attorney and she said it has to be a mistake and she would call them?? honestly does it normally take over 6 months when you even hire an attorney?? we make around 4,800 a month between me and my husband, we are not rich by no means, in an upside down house, interest only loan?? why is this taking so long,, and why do they keep denying us?? im getting worried we are going to loose our home? Is this the typical time it takes even when you have an attorney? or am I being scammed?? please if anyone knows?? thankyou Should we stick with this attorney?